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Rupee continued its autumn connected Thursday, sliding to 92 people against the US dollar. The currency has been successful changeless pressue owed to persistent request for the greenback and a cautious planetary market.According to currency dealers, the home portion was dragged down aft the dollar scale rebounded from multi-year lows, pursuing the US Federal Reserve’s determination to support involvement rates unchanged astatine the decision of its archetypal argumentation gathering of 2026. Heightened geopolitical tensions person besides pushed investors towards safe-haven assets, weighing connected emerging marketplace currencies. In aboriginal interbank trade, the rupee opened marginally weaker astatine 91.95 and soon touched 92.00 against the dollar, slipping 1 paisa from its erstwhile close.
This comes aft the currency ended Wednesday’s league sharply lower, falling 31 paise to 91.99, its weakest closing level connected record. The rupee had earlier deed its lowest-ever intraday level of 92.00 connected January 23. According to Amit Pabari, MD astatine CR Forex Advisors, continued superior outflows person kept dollar request elevated successful the market. He besides pointed to rising crude lipid prices arsenic an added unit connected the currency.
Oil prices person climbed implicit 4% this week, extending gains for a 3rd consecutive league to levels past seen successful precocious September. At the aforesaid time, the dollar index, which tracks the US currency against six large peers, was trading 0.29% little astatine 96.16. Brent crude futures were up 1.32% astatine $69.30 per barrel. Pabari said the 92.00 level remains a important near-term portion for the USD/INR brace successful the non-deliverable guardant market.
A sustained interruption supra this level could propulsion the brace towards 92.20–92.50, though involution by the Reserve Bank of India and a softer planetary dollar could bounds further depreciation and assistance the rupee determination backmost towards the 91.00–91.20 range. Domestic equities besides opened lower, reflecting cautious sentiment. The BSE Sensex slipped astir 560 points, portion the NSE Nifty was trading beneath 25,200. Data showed overseas organization investors remained nett buyers, purchasing equities worthy Rs 480.26 crore connected Wednesday. On the macroeconomic front, the country's concern output posted its strongest maturation successful implicit 2 years, rising 7.8% successful December 2025, supported by robust show successful the manufacturing, mining and powerfulness sectors. In comparison, the Index of Industrial Production had grown 3.7% successful December 2024.
